IDBI Bank has associated with the Export Import Bank of India to facilitate loans to export-oriented small and medium scale enterprises.

"The two banks would co-finance, co-arrange, syndicate rupee and foreign currency loans, provide refinance facility in Indian rupees and foreign currency for extending short term export credit and long term capex loans to eligible export-oriented companies, particularly in the SME sector," IDBI Bank said in a press release.

Both the banks, IDBI and EXIM bank also said that they would also co-operate in promotional activities and providing advisory services to assist each other's clients.